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CA AB1374

Bill

Status

Failed

2/1/2024

Primary Sponsor

David Alvarez

Click for details

Origin

State Assembly

2023-2024 Session

AI Summary

  • Increases the minimum allocation of Greenhouse Gas Reduction Fund moneys for projects in disadvantaged communities from 25% to 50% of available funds
  • Increases the minimum allocation for projects benefiting low-income households or located in low-income communities statewide from 5% to 15% of available funds
  • Maintains existing 5% minimum allocation for projects benefiting low-income households or communities within one-half mile of disadvantaged communities
  • Specifies that allocations meeting one requirement do not count toward fulfilling minimum requirements of other subdivisions
  • Defines low-income households as those earning at or below 80% of statewide median income and low-income communities as census tracts meeting the same income threshold

Legislative Description

Greenhouse Gas Reduction Fund: investment plan.

Last Action

From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

2/1/2024

Committee Referrals

Natural Resources3/2/2023

Full Bill Text

No bill text available